Ballston Spa Bancorp, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
March 31, 2021 at 09:00 pm IST
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Ballston Spa Bancorp, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced net interest income was USD 20.121 million compared to USD 18.366 million a year ago. Net income was USD 4.989 million compared to USD 3.905 million a year ago. Basic earnings per share from continuing operations was USD 6.72 compared to USD 5.26 a year ago.
Ballston Spa Bancorp, Inc. is a financial holding company. The Company operates, through its banking subsidiary, Ballston Spa National Bank (the Bank). The Bank is a community-based commercial bank and provides a range of banking, financing, fiduciary, brokerage and other financial services to corporate, municipal, and individual customers. The Bank offers checking accounts, savings and money market accounts, health savings account, certificates of deposits (CDs) and individual retirement accounts (IRAs), relationship banking, debit card, gift/travel card and perk programs. It also offers business checking accounts, commercial loans, small business loans, business credit cards, treasury management, and online and mobile banking. The Bank operates approximately 13 branches.